David Newton Sandydown Bodyworks Limited - Abbreviated accounts 16.3

David Newton Sandydown Bodyworks Limited - Abbreviated accounts 16.3

SANDYDOWN BODYWORKS LIMITED - Company Information

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REGISTERED NUMBER: 01570911 (England and Wales)












DAVID NEWTON SANDYDOWN BODYWORKS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016













DAVID NEWTON SANDYDOWN BODYWORKS LIMITED (REGISTERED NUMBER: 01570911)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

DAVID NEWTON SANDYDOWN BODYWORKS LIMITED (REGISTERED NUMBER: 01570911)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 2 25,596 28,029

CURRENT ASSETS
Stocks 33,462 37,326
Debtors 80,521 55,509
Cash at bank and in hand 9,942 44,061
123,925 136,896
CREDITORS
Amounts falling due within one year (105,994 ) (101,323 )
NET CURRENT ASSETS 17,931 35,573
TOTAL ASSETS LESS CURRENT
LIABILITIES
43,527
63,602

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 43,427 63,502
SHAREHOLDERS' FUNDS 43,527 63,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 2 March 2017 and were signed on its behalf by:





D S Newton - Director


The notes form part of these abbreviated accounts

Page 1
DAVID NEWTON SANDYDOWN BODYWORKS LIMITED (REGISTERED NUMBER: 01570911)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to
consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the
service provided to date based on a proportion of the total expected consideration at completion. Where
payments are received from customers in advance of services provided, the amounts are recorded as deferred
income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 10% Straight line
Plant and machinery - 10% Straight line
Fixtures and fittings - 25% Straight line
Motor vehicles - 20% Straight line

Stocks
Stocks are valued at the lower of cost, being the purchase price, and net realisable value, after making due
allowance for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Work in progress
Work in progress is valued on the basis of direct costs, being purchase price, plus attributable overheads based
on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit
is included in the valuation of work in progress.

Where the outcome of the contract that straddles the year end can be assessed with reasonable certainly,
attributable profit for the stag of contract completion at the year end is recognised in the profit and loss account.

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DAVID NEWTON SANDYDOWN BODYWORKS LIMITED (REGISTERED NUMBER: 01570911)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 280,932
Additions 3,254
At 31 October 2016 284,186
DEPRECIATION
At 1 November 2015 252,903
Charge for year 5,687
At 31 October 2016 258,590
NET BOOK VALUE
At 31 October 2016 25,596
At 31 October 2015 28,029

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

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